Most Popular
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40 flights canceled on Jeju Island due to bad weather
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Pandemic left Korea more depressed than before: report
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Korean labor force to shrink by 10 million by 2044: report
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Gov't appears to shelve punitive measures against mass walkout by doctors
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Govt. asks hospitals to mitigate impact of medical professors' absence
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Doggy patrol team on the move to protect their cities
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S. Korea's working-age population to dip nearly 10m by 2044 amid low births
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Samsung mocks Apple over iPhone alarm glitch
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LG Energy Solution to invest W7tr this year to ramp up production
LG Energy Solution said Wednesday it plans to invest 7 trillion won ($5.54 billion) this year to boost its production capacity in key markets while improving profitability overall by offsetting the impact from supply chain constraints and rising costs. The South Korean battery giant unveiled its plans during an earnings conference call earlier in the day. The big spending, up more than 10 percent from 6.3 trillion won announced in February, will be poured into the US, a burgeoning EV market w
April 27, 2022
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SK hynix logs best Q1 earnings, sets aside W380b for compensation over chip defects
South Korean memory chipmaker SK hynix saw its best first-quarter revenue in history, while its operating profit jumped more than twofold compared to the previous year, despite weakening demand for consumer electronics and external uncertainties such as lockdowns in parts of China and Russia’s invasion of Ukraine. According to an earnings guidance, SK hynix logged 12.16 trillion won ($9.63 billion) in revenue for the first quarter, up 43 percent on-year. This beat earnings consensus of lo
April 27, 2022
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SK Inc. to buy controlling stake in local EV chip design firm
SK Inc., a holding company of South Korea’s second-largest business group, said Wednesday it would become a controlling shareholder of local electric vehicle semiconductor firm Yes Power Technix in a 120 billion won ($95 million) deal. The strategic investment involving a share sale and a new rights offering means that SK Inc. will control a 95.8 percent stake in the company. Based in Pyeongtaek, Gyeonggi Province, Yes Power Technix is dedicated to silicon carbide power semiconductor desi
April 27, 2022
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Lam Research opens $100m R&D center in Korea
US chip equipment maker Lam Research on Tuesday opened a new technology center in South Korea, extending its global research network connecting the United States and Europe. The new center, called Lam Research Technology Center, is located on a 30,000 square-meter site within an industrial complex in Yongin, some 50 kilometers southeast of Seoul. The company has spent about $100 million for the new facility. With the completion of the new center, Lam Research said its responsivenes
April 26, 2022
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SK's cybersecurity arm IPO to boost cross-border M&A: CEO
SK Shieldus, the cybersecurity service arm of South Korea’s third-largest conglomerate, is poised to use the proceeds from its imminent initial public offering to pursue cross-border mergers and acquisitions, its Chief Executive Officer Park Jin-hyo told reporters Tuesday. Cloud computing security firms would be the major target for a strategic investment, which would allow the nation‘s No. 1 security service firm to make a foray into overseas markets, Park said. “We are pr
April 26, 2022
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Lam Research opens technology center in S. Korea
US semiconductor equipment maker Lam Research Corp. opened a technology center in South Korea on Tuesday, which the company hopes will serve as a key hub of its global research and development (R&D) network. Lam Research completed its Korea technology center at an industrial site in Yongin, about 50 kilometers southeast of Seoul, in February this year after breaking ground in July 2020. Lam Research, the world's No. 3 chip equipment maker, said some 100 researchers will work at the center, w
April 26, 2022
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Yoon vows full vaccine development support
President-elect Yoon Suk-yeol on Monday pledged to provide the utmost support for Korean companies developing vaccines and treatment, highlighting that vaccine development is crucial for securing the nation’s economic security. “The essence of the country’s growth lies here,” Yoon said during his visit to SK Bioscience’s headquarters in Seongnam, Gyeonggi Province, adding that South Korea’s economy and security depend on developing drugs. The President-elec
April 25, 2022
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S. Korea develops world’s 1st computer to save data without power
South Korean researchers have developed a computer that can save data even after the power is turned off, facilitating ways to reduce electric power consumption, the Korea Advanced Institute of Science and Technology said Monday. The research team led by Jung Myoung-soo, an electrical engineering professor at KAIST, has invented the Lightweight Persistence Centric System or Light PC, which can retain data regardless of power supply, according to KAIST. KAIST said most existing computers use d
April 25, 2022
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[Photo News] Food tasting is back
A staff prepares for drink tasting at a discount store chain in Seoul on Sunday, as eating food at public places including movie theaters, indoor sports centers and department stores become available starting on Monday.
April 24, 2022
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What does rise of metaverse hold for future?
As the metaverse becomes more prevalent across all industries on the back of greater investments and technological advancements, The Korea Herald and the American Chamber of Commerce in Korea are co-hosting a forum to discuss what the next web revolution holds for the future. The joint forum, slated to be held on May 2 at Four Seasons Seoul, has invited a number of business leaders and experts in the metaverse sector to share their insights on the ascending metaverse and how it will play an in
April 24, 2022
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[Market Eye] Yoon agonizes over tech policy as chip arms race intensifies
The incoming government to be led by President-elect Yoon Suk-yeol is at a crossroads over how its policy support to nurture the domestic chip industry will take shape, as the global chip arms race and state-led support intensifies. On Thursday, presidential transition committee deputy spokesperson Kim Gi-heung told reporters that the committee was briefed about a proposal to establish a state-run research hub, tentatively named Nano Semiconductor Research Institute. Kim, however, said the co
April 21, 2022
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[Photo News] Taste of Flying Cars
Visitors enjoy a riding experience on next-generation urban air mobility vehicles with virtual reality headgear mounted at SK Telecom’s exhibition booth at the World IT Show on Wednesday at Coex in Seoul. The annual tech event, hosted by the Science Ministry, runs from Wednesday through Friday.
April 20, 2022
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[Herald Interview] Data gathering still human job in digital era: real estate platform CEO
The pressure to accelerate the digitalization of industries as a result of the coronavirus has spread to the real estate sector. Using big data, the industry is automating the buying, selling and leasing of homes and office spaces instead of traditional real estate transactions through agencies. But some important information-gathering still has to be done by humans, according to the CEO of a local commercial real estate platform. “It is difficult for tenants to access necessary informat
April 20, 2022
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Korea develops world’s 1st fiber-based white OLEDs
South Korean researchers have developed the world’s first fiber-based white organic light-emitting diodes, or WOLEDs, paving the way for more functional wearable tech, Korea Advanced Institute of Science and Technology said Wednesday. The research team came up with a single, dip-coated white emission layer suitable for a fiber structure to design the fiber-based WOLEDs. In doing so, the researchers figured out how to implement WOLEDs on a string of fiber through simulation and optimizatio
April 20, 2022
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Samsung’s M&A dealmaker joins revamped think tank
A key mergers and acquisitions dealmaker at Samsung Electronics has recently been relocated to join an in-house think tank, fueling speculation about the tech giant’s long-awaited “mega deals” in chips or other growth driver sectors. According to industry sources on Wednesday, Ahn Joong-hyun, an executive vice president at Samsung’s business support task force, was promoted to president last week to lead a future business division at Samsung Global Research. Ahn, 58,
April 20, 2022
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KT develops AI-powered tech to restore Lou Gehrig patients’ voices
KT Corp. said Wednesday it has restored the voices of patients who are losing their voices due to Lou Gehrig’s disease using its personalized text-to-speech (P-TTS) technology. Based on a small sample of a patient’s voice recordings, the technology replicates his or her vocal tone and manner of speech using artificial intelligence based on deep learning, the telecom company said. When a patient types a message on KT’s Maeum Talk app, the app reads the message in his or her v
April 20, 2022
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Samsung Galaxy Quantum 3 to launch in April
Samsung Galaxy Quantum 3, the latest midrange 5G smartphone powered by a chipset with quantum cryptography technology, is poised to start shipping on April 26 in South Korea, domestic mobile carrier SK Telecom said Wednesday. The chipset with quantum random number generators will allow access for smartphone users to security features for digital activities via mobile apps -- ranging from mobile banking to payments, social networks and games -- as well as for external data storage. “The
April 20, 2022
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LG-Magna JV to build $100m EV parts factory for GM in Mexico
LG Magna e-Powertrain, a joint venture between LG Electronics and Magna International, will build a $100 million plant that manufactures General Motors electric vehicle components, scheduled for completion in 2023, the company announced Wednesday. The 25,000 square-meter factory will produce inverters, motors and on-board chargers to support North America-focused EV production of GM, as GM was tapped to become a foundational customer for the new facility. The plant will be located in Ramos A
April 20, 2022
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Video showing Ukrainian soldier "saved by" Samsung Galaxy smartphone goes viral
A video indicating that a Ukrainian soldier was saved from gun shots by a Samsung Galaxy smartphone came under the spotlight on Tuesday. Posted on social networking platform Reddit, the video shows the Ukrainian soldier reaching into his pocket to pull out what appears to be a Samsung Galaxy S21 FE or Samsung Galaxy S20. The smartphone has a bullet lodged in it, which appears to have protected the soldier from gun shots. The video didn‘t carry any text that illustrates what really happe
April 19, 2022
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LG CNS to build AI-powered smart farming platform
LG Group’s IT solutions unit LG CNS said Tuesday that it has joined the government’s new smart farming project to build an artificial intelligence-based platform that offers the ultimate guidelines for more efficient and high-yield farming. The project, launched by the Agriculture Ministry and the local government of South Jeolla Province, aims to create a 543,000 square-meter intelligent farm land in the rural city of Naju, some 355 kilometers south of Seoul, by 2023. Unlike mos
April 19, 2022